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Tuesday, mar 11
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IRS
News
IRS Issues Warning For These Taxpayer Scams
A new warning from the Internal Revenue Service (IRS) has taxpayers on high alert as the agency unveils its 2025 Dirty Dozen — a list of the most common and deceptive tax scams that could put financial and personal information at risk. With tax season in full swing, scammers are ramping up efforts to steal money, sensitive data, and even taxpayer identities. From fake tax credits to social media-fueled misinformation, the schemes on this year’s list serve as a reminder that fraudsters are constantly evolving their tactics. What Is the Dirty Dozen? Each year, the IRS compiles the Dirty Doze…
News
IRS Announces These Changes For 2025 Filing Season
As the 2025 tax filing season progresses, the Internal Revenue Service (IRS) has outlined key updates taxpayers need to know when preparing their 2024 returns. These changes affect deductions, tax credits, filing deadlines, and eligibility for various tax benefits. Key Filing Updates and Deadlines The deadline for submitting Form 1040 or 1040-SR for the 2024 tax year is Tuesday, April 15. Taxpayers are urged to wait until they receive all necessary documents before filing to avoid processing delays or errors. The IRS also recommends creating an IRS Online Account for secu…
Politics
$5K
Doge
Rebate Checks For Americans? Musk, Trump Tease Possible Plan
President Donald Trump is floating the idea of a potential $5,000 rebate for American households, following a suggestion from billionaire Elon Musk that taxpayers should benefit from cost-cutting measures at the federal level. Trump’s remarks came Wednesday, Feb. 19 Miami Beach, Florida, after Musk posted on X that he would “check with the President” about a proposal to distribute tax refund checks funded by savings from the Department of Government Efficiency (DOGE). The idea was originally suggested by James Fishback, CEO of Azoria Investment, who referred to it as a “DOGE Dividend.…
Business
American Express To Pay $230M For Misleading Small Business Customers
American Express said it will pay $230 million to resolve federal investigations into deceptive sales tactics and recordkeeping violations involving small business credit card and wire transfer products. The credit card company agreed to pay a $108.7 million civil penalty, the Department of Justice said in a news release on Thursday, Jan. 16. The settlement resolved claims against American Express of deceptive marketing and "dummy" account information. American Express was accused of engaging in unlawful sales tactics and falsifying records between 2014 and 2021. "When financial companies …
News
2025 Tax Season Begins: What You Need To Know About Expanded Options, New Tools
Early filers, get ready. The 2025 tax season is here! The IRS will start accepting and processing tax returns on Monday, Jan. 27, the agency said in a news release. IRS Free File also became available on Friday, Jan. 10 to taxpayers who qualify through private-sector partners. With more than 140 million tax returns expected, the IRS urged taxpayers to take advantage of updated online resources and consider using trusted tax preparers to avoid scams. "This has been a historic period of improvement for the IRS, and people will see additional tools and features to help them with filing their …
News
IRS Sending Special Payments To 1 Million Americans: Here's What To Know
The Internal Revenue Service (IRS) announced it will issue automatic payments this month to nearly one million taxpayers who didn’t claim the Recovery Rebate Credit on their 2021 tax returns. These payments aim to assist eligible individuals who missed claiming the credit, which provides up to $1,400 per person for those who didn’t receive the full amount of their Economic Impact Payments (EIPs). Who Will Receive Payments? Eligible taxpayers include those who filed a 2021 tax return but either left the Recovery Rebate Credit field blank or entered $0 despite qualifying. Payments wil…
News
Holiday Deals Or Fraud? IRS Issues Warning For These Scams
As the holiday shopping season begins, the IRS reminds everyone that it’s not just your credit card balance you need to watch — it’s also your personal information. As part of its ninth annual National Tax Security Awareness Week, the IRS is warning taxpayers about a rise in holiday scams. The scammers aren’t interested in gifts under your tree; they’re after your Social Security number and financial information instead. Here’s how scammers are getting creative—and how you can stay safe: Phishing Emails: Be wary of emails pretending to be from reputable retailers, shipping companie…
Police & Fire
Nigerian National Living In Maryland Sentenced After Running Elderly Fraud Scheme
A Nigerian national living in Maryland was sentenced to eight years in federal prison after running a fraud scheme that targeted the elderly, authorities say. Oluwaseyi Akinyemi, also known as “Paddy Linkin” and “Joseph Kadin,” 35, ran the social media scheme from July 2018 to April 2019, offering victims non-existent financial rewards if they sent cash, money orders, or gift cards to cover fraudulent "taxes and fees", according to the Department of Justice. Akinyemi and at least one other co-conspirator posed as real and fake government agencies and impersonated social media accounts of th…
News
Fraudster Resentenced For Stealing IDs Of Hundreds Of Victims In $2.2M Scheme In Maryland
A Columbia man has been sentenced to 126 months in federal prison after two separate schemes to obtain fraudulent tax refunds, authorities say. Toyosi Alatishe, also known as "Felix Victor Johnson", 51, was re-sentenced Tuesday, July 12, after he appealed his 2019 conviction and sentencing. The new sentence reduced the original by six months, and rejected a request for time served. From 2012 to 2013, Alatishe misused his position as a caretaker for residents of a group home for individuals suffering from severe mental and physical disabilities, and used their information to file fraudulent …
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